In this article, we simply cover the different types of Profit and Loss problems that are based on the concepts of Profit and Loss.
Question / Answer
Question #1  Cost price of 20 articles is equal to selling price of x articles. If the profit is 25%, then the value of x is
[Mathematics] [CTET201409]


Options 

Answer Explanation  Let the cost price 1 article = Re 1 Cost price of x articles = x S.P of x articles = 20Profit = 20 x Profit % = Profit*100/C.P.25 = ( 20 – x ) * 100 / x 25 x = 2000 – 100x 125 x = 2000 x = 16 
Question #2  If the cost price of an article is 3/2 of its selling price, then the profit or loss percent is
[Mathematics] [UPTET201710]

Options 

Answer Explanation  SP=100 CP=150 Loss=50Loss % = Loss *100 / C.P. Loss % = (50*100) / 150 = 33(1/3)% 
Question #3  A person marks his goods 40% above the cost price and allows 40% discount on the marked price. His loss /gain percent is:
[Mathematics] [CTET201609]


Options 

Answer Explanation  Let CP = 100
Market Price = 40% about = 140 
#CTET Profit and Loss question